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Refractory Shapes IPO vs Winsol Engineers IPO

Comparison between Refractory Shapes IPO and Winsol Engineers IPO.

IPO Details

Refractory Shapes IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Winsol Engineers IPO is a SME Bookbuilding proposed to list at NSE SME.

 Refractory Shapes IPOWinsol Engineers IPO
LogoRefractory Shapes IPO LogoWinsol Engineers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Refractory Shapes IPO is up to ₹17.66 Cr whereas the issue size of the Winsol Engineers IPO is up to ₹22.18 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

 Refractory Shapes IPOWinsol Engineers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹27.00 per share₹71.00 per share
Issue Price (Upper)₹31.00 per share₹75.00 per share
Issue Price (Final)₹31.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1600 shares
Fresh Issue Size56,96,000 shares29,56,800 shares
Fresh Issue Size (Amount)up to ₹17.66 Crup to ₹22.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,96,000 shares29,56,800 shares
Issue Size Total (Amount)up to ₹17.66 Crup to ₹22.18 Cr

IPO Timetable

Refractory Shapes IPO opens on May 06, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of Refractory Shapes IPO and Winsol Engineers IPO is May 09, 2024, and May 09, 2024, respectively.

 Refractory Shapes IPOWinsol Engineers IPO
Anchor Bid DateMay 03, 2024May 03, 2024
Issue OpenMay 06, 2024May 06, 2024
Issue CloseMay 09, 2024May 09, 2024
Basis Of Allotment (Tentative)May 10, 2024May 10, 2024
Initiation of Refunds (Tentative)May 13, 2024May 13, 2024
Credit of Share (Tentative)May 13, 2024May 13, 2024
Listing date (Tentative)May 14, 2024May 14, 2024
Anchor Lockin End date 1Jun 09, 2024Jun 09, 2024
Anchor Lockin End date 2Aug 08, 2024Aug 08, 2024

Financials & KPIs

Refractory Shapes IPO P/E ratio is 25.55, as compared to Winsol Engineers IPO P/E ratio of 12.19.

 Refractory Shapes IPOWinsol Engineers IPO
Financials

Refractory Shapes Limited Financial Information (Restated)

Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,289.905,003.813,684.822,723.72
Total Income2,999.043,872.232,621.672,179.67
Profit After Tax307.94191.74287.04156.39
Net Worth396.581,668.641,476.901,189.86
Reserves and Surplus396.581,658.641,466.901,179.86
Total Borrowing2,341.802,048.631,570.121,234.18
Amount in ₹ Lakhs

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,565.342,856.012,764.801,816.83
Total Income5,202.286,544.536,080.002,224.58
Profit After Tax677.26518.07108.4649.44
Net Worth1,527.15873.89343.93238.55
Reserves and Surplus685.15871.89341.93236.55
Total Borrowing846.761,058.84928.90814.49
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)72.4872.99
P/E Ratio25.5512.19
Market Cap₹67.58 Cr.₹86.51 Cr.
ROE15.58%22.33%
ROCE9.79%11.71%
Debt/Equity1.180.55
EPS₹1.21₹6.15
RoNW15.58%44.35%

Shares Offered

In the Refractory Shapes IPO Retail Individual Investors (RII) are offered 19,96,000 shares while in Winsol Engineers IPO retail investors are offered 19,96,000 shares. Qualified Institutional Buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and 5,93,600 shares in Winsol Engineers IPO.

 Refractory Shapes IPOWinsol Engineers IPO
Anchor Investor Reserveration17,00,000 shares8,83,200 shares
Market Maker Reserveration3,04,000 shares1,58,400 shares
QIB11,44,000 shares5,93,600 shares
NII8,56,000 shares4,44,800 shares
RII19,96,000 shares10,35,200 shares
Employee
Others
Total56,96,000 shares29,56,800 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 255.08x in total, whereas Winsol Engineers IPO subscribed 682.14x.

 Refractory Shapes IPOWinsol Engineers IPO
QIB (times)90.59x207.23x
NII (times)464.43x1,087.81x
Big NII (times)
Small NII (times)
RII (times)259.56x780.15x
Employee (times)
Other (times)
Total (times)255.08x682.14x